Search results

Stop selling winners too soon (still guilty of this).

NG overnight, again. A huge, 2.0 cents burst attack, 130 contracts in microseconds, followed by 0.5 cents more to trap any robots who quickly faded the first attack. The market was trending solidly up and their was no news (or liquidity at this hour). An attack, not a rational sell. The little...

Jump, etc do not hide- they claim their different strats don't talk to each other, and the CME believes them. If you saw the movie "back to School" think the scene here with the University President and Rodney Dangerfield.

I've tried to give examples that were stark. The time of day, the size of the trades, all executed in microseconds. The CME markets I trade in are simply dominated by predatory HFTs engaged in truly massive amounts of wash trading. It fits in this thread because the wash trade is the modern...

Yes, in that the best trades for me have been relatively straightforward ones related to how far up or down the market is, on the day and/or based on opposite-extreme values earlier in the day. I'd like to leave it at that since this is very close to the edge that feeds my family. But, this is...

My theory is simple: since the Longs bought from the machine, the machine knows how Long the balmarket is (namely, how short he, the machine is), so he goes along trading until he accumulates a net position of a certain magnitude (long or short, here lets use 100 contracts, given jelite's tick...

Forgot to add above, you might have gotten into your trade at 3:28:30, a nice rhythmic time to get into a trade. One hour later, here is "the rest of the story," as Paul Harvey would say.

One more, for the road. 3:41AM ET, Prompt Natural Gas The entire process- dig hole, collect(/rob) contracts, fill hole back up- in one second. Natural Gas 1c higher 10 mins later, of course. If you were long Natural Gas on a daytrade with a tight stop-loss, and blinked your eyes, you would have...

I'm being very careful. The first "move" had no buildup at all and the second was immediately undone, making it not a "move" at all. (same guys didn't suddenly change their mind). Anyway, this isn't going over well so I will leave you guys to it.

Forbes disappointed me the most, as I (perhaps surprisingly) thought he would be fairer. He advocated exempting capital gains and dividends from any taxation.

Almost all of the so-called "flat tax" proposals are extremely regressive with "asterisked" lower taxation rates for sources of income correlated with higher wealth. I haven't seen a true "flat tax" proposal bandied about.

Just had another "hole"- Crude a nice value hold after collapsing $1 right after the spike above. So an attack at 11:59:35 of 15 cents down (280 contracts) then 15 cents up after 45 seconds flushed out any weak-hands and/or robots. Trading this, the "signature" is the key- the single burst...

Here was just a price-"defending" attack. This one pushed exactly 25 cents. These attacks always have an exact target price push, in increments of 5 cents, from 10 to 30 cents. 10 and 15 cents are the most common. These attacks are to attain their target and there is no meaningful constraint on...

Once, I worked with a guy who had (at that time) the largest loss ever for a commodities trader, $75 million (SARS, Jet Fuel, for those in the business, you who know who I am talking about). Nobody in our MO/BO got a bonus that year, since he sank the entire desk. But the trader still got a...

Sorry- by "Base" i meant to say for anyone who does any amount of trading.

Good stuff Tommo. I'm much the same, including the tiering with regards those others who either have less fear or have internalized the bankruptcy externality whereby if they lose they simply walk away and change jobs rather than paying back the losses.

The CME's relationships with its "liquidity providers" are open and are exactly as I described. I'm not here to focus on profitable trading. Nothing I do is replicable. Rather, I will help anyone who wants to trade the CME to understand who they are trading "against." Only what I know to be...

My chart doesn't work well on this day, but this is last Thursday- Thanksgiving- and look to the left over 15 minutes from 12:39PM ET - 12:54PM ET. 3,400 contracts down 50 cents then 3,400 contracts right back up 50 cents. I was active in the market then and this was a classic "hole" (I call it...

They are including CME in the base package which is actually a very nice perk.

I don't have a true tick feed so I don't see the orders.